SeparatingLines

 

Description

Separating Lines is a trend continuation candlestick pattern consisting of two candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted.

The bearish Separating Lines candlestick pattern is recognized if:

  • The first candle is long and bullish occurring after the downtrend;

  • The second candle is long and bearish and its Open price is equal to that of the first candle;

  • The second candle does not have an upper shadow.

The bullish Separating Lines candlestick pattern is recognized if:

  • The first candle is long and bearish occurring after the uptrend;

  • The second candle is long and bullish and its Open price is equal to that of the first candle;

  • The second candle does not have a lower shadow.

Input Parameters

Parameter Description
length The number of candle used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.
trend setup The number of preceding candles to check if the trend exists.

Plots

Plot Description
Bearish The bearish Separating Lines candlestick pattern.
Bullish The bullish Separating Lines candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.